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Tech News
Disney Creates Taskforce to Explore AI Applications Across Verticals, Bring Cost Cutting Measures
Walt Disney has created a task force to study artificial intelligence and how it can be applied across the entertainment…
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Meta Releases Open-Source AI Tool AudioCraft to Create Music and Audio
Meta Platforms on Wednesday introduced its open-source AI tool called AudioCraft that will help users to create music and audio…
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Apple to Likely See iPhone Sales Dip, Could Record 1.6 Percent Drop in Total Quarterly Revenue
Apple is likely to report a dip in iPhone sales in the April-June quarter as shoppers held out for a…
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Google Ads Introduces Auto-Generated Advertisement Tool Using Generative AI
Advertisers and businesses will now be able to auto-generate advertisements on Google Ads platform, said Dan Taylor, vice president of…
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US President Said to to Sign New Order to Limit US Tech Investments in China by Mid-August
US President Joe Biden is planning to sign an executive order to limit critical US technology investments in China by…
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Meta’s Reels Revenue Gets AI Boost to Close in on TikTok, Set to Jump to $10 Billion This Year
Reels, Meta Platforms’ answer to viral short-form video app TikTok, elicited eyerolls when it launched in 2020 and was regarded…
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Amazon Bedrock Drew Customers to Try Out AI Service Competing With Microsoft and Google
Amazon.com‘s cloud division has drawn thousands of customers to try out its service vying with Microsoft and Google in a…
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Microsoft Result Puts AI in Spotlight, Creates Worry for Big Tech
A number of US big tech companies fell on Wednesday as Microsoft‘s results signaled how the high-stakes battle for AI…
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US SEC Set to Adopt New Cyber Rule, Unveils Brokerage AI Proposal
Wall Street’s top regulator on Wednesday was poised to adopt new rules requiring publicly traded companies to disclose hacking incidents,…
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Snapchat’s Daily Active Users Rise 14 Percent YoY to 397 Million in Q2 2023, Snap Gives Weak Outlook for Q3
Photo messaging app owner Snap on Tuesday gave weaker third-quarter guidance than analysts had expected as it works to compete with…
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Alphabet Rides Cloud Demand, Ad Sales to Record $74.6 Billion Quarterly Revenue, CFO to Take New Role
Alphabet’s second-quarter profit exceeded Wall Street expectations on Tuesday and the Google parent announced that its long-time CFO, Ruth Porat,…
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TSMC to Invest $2.9 Billion in New AI-Backed Chip Plant in Taiwan
Driven by a surge in demand for artificial intelligence, Taiwanese chip maker TSMC plans to invest nearly $2.87 billion (roughly…
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